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Badger Meter, Inc. (the Company) is a leading innovator, manufacturer and marketer of products incorporating flow measurement, quality, control and other system solutions serving markets worldwide. Available Information The Company's internet address is http://www.badgermeter.com .
$120.24
+$2.18 (+1.85%)
Price from 13 days ago
Margins and capital returns are both well above average: 20.01% operating margin, ROIC at 20.38%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 10.9%, still solid.
At 27x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
27.2x earnings, 20.9x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$897M
▲ +10.9% YoY
Net Income (TTM)
$131M
▲ +13.4% YoY
Op. Margin
18.86%
▲ +0.9pp YoY
ROIC
17.96%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$169M
▲ +19.3% YoY
Op. Cash Flow (TTM)
$185M
▲ +18.5% YoY
Net Debt
-$205M
Net Cash Position
Cash & Equiv.
$205M
5Y CAGR: +16.6%
5Y CAGR: +16.1%
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